German Lender Maintains It Is Adequately Capitalized

FRANKFURT—A mere four months after co-Chief Executive Anshu Jain declared the end of Deutsche Bank AG's "hunger march" following a €3 billion ($3.95 billion) capital increase, the bank is again on the defensive, trying to persuade investors and regulators that it is sufficiently capitalized.

To its critics, the bank's claims—to be "one of the best capitalized banks in the world"—appear to have fallen on deaf ears...